But despite this, there have been limitations as to how far-reaching Bitcoin should have gotten and this limitation is traced to the presence of so many altcoins that seek to undermine the relevance factors that Bitcoin presents to gain global attention we have thousands of cryptocurrencies in the market and all of them are just copy cat of Bitcoin to gain popularity and also cashing out on the gullible minds.
If only Bitcoin exist as the sole digital currency the speed of adoption will be made faster and there will be less distraction in the entire crypto space and less bad image that are resulting from the operation of so many altcoins scams giving the entire young growing cryptocurrency industry bad spot on the limelight.
I'm in favor of Bitcoin absolutism but not through usage of brute force. Altcoins exist, they will always exist, and carry value for the same reason Bitcoin carries value. I take a capitalistic approach and say: let there be competition between cryptocurrency and fiat currency and allow for uninterrupted market forces to determine the proper global financial system. Bitcoin will take time to reach solvency; we don't need to push for an elimination or curtailment of altcoins in order to achieve the end goal of mainstream adoption.
And if we're being honest, it's not as if altcoins are the actual constraints of global adoption, it's the government. Bitcoin dominates the market share and is mainstream enough that the average participant in the economy has at least heard about it. I wouldn't be concerned about this average consumer dabbling in whatever rag meme coin happens to be in the spotlight oppose to Bitcoin if they make the crypto dive. Getting them to make the dive first is the current predicament.